RISK ASSESSMENT IN PT.

SEMEN GRESIK
(PERSERO) TBK PACKING PLANT
CONSTRUCTION PROJECT USING ISO 31000
FRAMEWORK AND VALUE AT RISK (VaR)
METHOD

Name : Lisaura Dwi Kusuma

NRP : 2507 100 115
Department : Industrial Engineering
Supervisor : Dr. Ir. Patdono Suwignjo M.Eng.Sc.
Co-Supervisor : Syarifa Hanoum S.T., M.T

Abstract
Risk itself is an uncertainty, which could be
managed with risk management. A good risk management
will become a vital strength for corporate governance.
Globalization and complex environment become company’s
main challenge in order to win the competition. PT. Semen
Gresik (Persero) Tbk is the biggest fertilizer company in
Indonesia. To reach its widely dispersed market, Semen
Gresik create a distribution network that scatters from West
to East Indonesia. Currently, this company still dominate
national fertilizer market share up to 45%. In 2009 domestic
sales volume increase 7%, this is also supported with
increasing production capacity up to 19 million tons. To
enhance distribution speed and increase distribution
network efficiency, strategic decision was made. The
company builds a packing plant in Ciwandan that start
operating in late 2009. Packing plant is a solution which
able to increase transportation cost efficiency up to 43%.
The next construction will be included in company’s long
term plan as a strategic decision.
 This research will begin with operational and
construction process assessment on an already operating
packing plant in Ciwandan. The result will becomes the
input data on risk assessment based on ISO 31000
framework. The next step is identifying risk to acknowledged
risk potential, risk cause and effect received by the
company. This step will be continued with further risk
analysis to get likelihood and consequences value and also
risk level. The next step is risk evaluation, where risk
mapping and losses potency calculation conducted using
Value at Risk (VaR) method. The final step is choosing risk
treatment (action of mitigation) that suits with risk
treatment matrix.
The result of this research is a risk assessment on
company’s construction and operational activity and also
suitable action of risk treatment. In addition, this research
also identifies company’s maximum losses on each risk type.
VaR calculation was conducted using 95% confidence level,
monthly period and Rupiah as unit currency. From risk
assessment result, a risk generic model was generated as a
baseline to conduct future assessment on packing plant
construction and operational activity.

Key words: packing plant, risk assessment, ISO

31000,Value at Risk (VaR), generic model